Comparative Price definition: Copy, customize, and use instantly
Introduction
The term "Comparative Price" refers to the price of a product, service, or asset compared to similar items in the market. It is often used in contracts to evaluate pricing fairness, determine cost benchmarks, or establish competitive rates.
Below are examples of how "Comparative Price" can be defined in various contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Comparative Price" in procurement
This definition ties "Comparative Price" to vendor evaluation.
"Comparative Price" means the price of goods or services offered by a vendor as compared to other similar goods or services available in the market at the time of procurement.
Definition of "Comparative Price" in cost analysis
This definition connects "Comparative Price" to market research.
"Comparative Price" refers to the market price of comparable goods or services used as a benchmark to determine the reasonableness of costs in a transaction.
Definition of "Comparative Price" in competitive bidding
This definition links "Comparative Price" to bid evaluation.
"Comparative Price" means the price quoted by bidders, compared against one another, to ensure the selection of the most cost-effective option.
Definition of "Comparative Price" in retail pricing
This definition applies "Comparative Price" to consumer goods.
"Comparative Price" refers to the advertised or listed price of a product compared to similar products in the same category or market segment.
Definition of "Comparative Price" in price adjustments
This definition ties "Comparative Price" to contract modifications.
"Comparative Price" means the adjusted price of goods or services, based on prevailing market rates for similar items, used for contract price amendments.
Definition of "Comparative Price" in real estate valuation
This definition connects "Comparative Price" to property assessments.
"Comparative Price" refers to the price of a real estate property as compared to similar properties in the same geographic area or with similar attributes.
Definition of "Comparative Price" in international trade
This definition links "Comparative Price" to cross-border transactions.
"Comparative Price" means the price of goods or services in one country compared to their equivalent in another, adjusted for exchange rates and tariffs.
Definition of "Comparative Price" in pricing transparency
This definition applies "Comparative Price" to consumer protections.
"Comparative Price" refers to the price of an item displayed alongside comparable items to provide transparency and aid consumer decision-making.
Definition of "Comparative Price" in wholesale transactions
This definition ties "Comparative Price" to bulk purchasing.
"Comparative Price" means the unit price of goods purchased in bulk as compared to the unit price of similar goods sold in retail.
Definition of "Comparative Price" in performance-based contracts
This definition connects "Comparative Price" to pricing incentives.
"Comparative Price" refers to the baseline price used to evaluate cost savings or performance improvements under a performance-based agreement.
Definition of "Comparative Price" in dynamic pricing models
This definition ties "Comparative Price" to real-time adjustments.
"Comparative Price" means the price of goods or services compared to similar offerings, adjusted dynamically based on market demand and supply conditions.
Definition of "Comparative Price" in energy markets
This definition connects "Comparative Price" to utility rates.
"Comparative Price" refers to the cost of energy units compared to prices offered by other suppliers in the same region or market.
Definition of "Comparative Price" in subscription services
This definition links "Comparative Price" to recurring charges.
"Comparative Price" means the subscription fee for a service compared to similar subscription-based offerings available in the market.
Definition of "Comparative Price" in agricultural products
This definition applies "Comparative Price" to crop and livestock pricing.
"Comparative Price" refers to the market price of agricultural goods compared to similar commodities within the same trading period.
Definition of "Comparative Price" in healthcare services
This definition ties "Comparative Price" to medical costs.
"Comparative Price" means the cost of medical procedures or treatments compared to similar services provided by other healthcare providers.
Definition of "Comparative Price" in construction contracts
This definition connects "Comparative Price" to project bids.
"Comparative Price" refers to the proposed cost of construction services as compared to competing bids for the same project scope.
Definition of "Comparative Price" in technology licensing
This definition links "Comparative Price" to software and IP.
"Comparative Price" means the licensing fee for software or intellectual property compared to similar products or licenses in the market.
Definition of "Comparative Price" in transportation services
This definition applies "Comparative Price" to logistics costs.
"Comparative Price" refers to the cost of transportation or shipping services compared to those of other providers for the same routes or loads.
Definition of "Comparative Price" in financial services
This definition ties "Comparative Price" to investment products.
"Comparative Price" means the fees or costs associated with financial products compared to equivalent products offered by other institutions.
Definition of "Comparative Price" in manufacturing inputs
This definition connects "Comparative Price" to raw materials.
"Comparative Price" refers to the cost of raw materials or components compared to similar inputs sourced from other suppliers.
Definition of "Comparative Price" in online marketplaces
This definition links "Comparative Price" to e-commerce pricing.
"Comparative Price" means the listed price of a product on an online platform compared to similar products on competing platforms.
Definition of "Comparative Price" in environmental credits
This definition applies "Comparative Price" to carbon trading.
"Comparative Price" refers to the market value of carbon credits compared to those of similar credits in the same trading system.
Definition of "Comparative Price" in retail discounts
This definition ties "Comparative Price" to promotional offers.
"Comparative Price" means the discounted price of an item compared to its original retail price or similar items in the same category.
Definition of "Comparative Price" in franchise agreements
This definition connects "Comparative Price" to franchise fees.
"Comparative Price" refers to the fees and costs associated with a franchise compared to those of similar franchises in the same industry.
Definition of "Comparative Price" in luxury goods
This definition links "Comparative Price" to premium products.
"Comparative Price" means the cost of a luxury item compared to similar items offered by competing luxury brands.
Definition of "Comparative Price" in public procurement
This definition applies "Comparative Price" to government contracts.
"Comparative Price" refers to the price offered for goods or services in government procurement compared to market benchmarks.
Definition of "Comparative Price" in utility contracts
This definition ties "Comparative Price" to rate evaluations.
"Comparative Price" means the tariff or rate for utility services compared to those offered by other providers in the same sector.
Definition of "Comparative Price" in insurance policies
This definition connects "Comparative Price" to premium comparisons.
"Comparative Price" refers to the premium for an insurance policy compared to similar policies available from other insurers.
Definition of "Comparative Price" in educational services
This definition links "Comparative Price" to tuition fees.
"Comparative Price" means the cost of educational programs or services compared to similar offerings in the same geographic region or industry.
Definition of "Comparative Price" in bulk purchases
This definition applies "Comparative Price" to volume discounts.
"Comparative Price" refers to the unit price of goods in bulk purchases compared to the unit price of smaller quantities.
Definition of "Comparative Price" in entertainment services
This definition ties "Comparative Price" to event pricing.
"Comparative Price" means the ticket or entry fee for an event compared to similar events in the same venue or region.
Definition of "Comparative Price" in intellectual property valuation
This definition connects "Comparative Price" to royalty rates.
"Comparative Price" refers to the royalty or licensing fees for intellectual property compared to similar IP in the market.
Definition of "Comparative Price" in automotive sales
This definition links "Comparative Price" to vehicle pricing.
"Comparative Price" means the cost of a vehicle compared to similar models offered by competing manufacturers.
Definition of "Comparative Price" in supply chain contracts
This definition applies "Comparative Price" to logistics agreements.
"Comparative Price" refers to the negotiated cost of supply chain services compared to those offered by competing providers.
Definition of "Comparative Price" in retail markups
This definition ties "Comparative Price" to pricing strategies.
"Comparative Price" means the retail price of a product as compared to its wholesale cost and similar products in the same market.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.